I don't really understand. why USDT collapsing and BTC price is going up like crazy?. So does the btc value is up or ????.
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They are correlated. If USDT goes down because of sell pressure, then BTC will go up. The rest of the exchanges will start chasing that price causing the massive spike
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so is it good sign or bad sign for btc and other alt?
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Bad sign. USDT is supposed to be stable, a flat line on the chart. If it goes down, BTC goes up, alts go down and people panic sell. Overall it has negative impact.
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thanks for explaining it. :) cheers
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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“GoxUSD”. Lol. Good one.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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